After much, much, much speculation, Microsoft let the cat out of the bag today: due to weak results, Microsoft is going to cut 5000 jobs. Those 5000 jobs will disappear over the course of 18 months, with 1400 jobs being cut immediately. Quarterly results, as well as the cost-cutting measures, were made known in a press release today.

A convoluted tax system, bloated central government where there is a tug of war between central and local (state) governments. Then there is misguided regulation and interference into the economy - such as the push for mortgages to people who quite frankly shouldn't be within a 100km radius of a home loan.

There is a lot more, but this isn't the forum to discuss these kids of things.